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The crash of Air India Flight 171 and the Israel-Iran conflict are casting a shadow over what was supposed to be a relatively upbeat Paris Air Show.
Air India Flight 171 was the first-ever deadly crash of a Boeing 787 Dreamliner.
Boeing CEO Kelly Ortberg and Stephanie Pope, who leads the commercial airplane unit, are canceling their plans to go to the Paris Air Show after the crash.

The Boeing 787-9 civil jet airplane of Vietnam Airlines performs its flight display at the 51st Paris International Airshow in Le Bourget near Paris, France. (Photo by: aviation-images.com/Universal Images Group via Getty Images)
aviation-images.com | Universal Images Group | Getty Images

Kelly Ortberg’s first Paris Air Show as Boeing CEO was set to be relatively upbeat.
Under his leadership that began in August, the company has made strides in ramping up production of its bestselling 737 Max jets, increasing cash-generating deliveries of new planes, and indicating that it’s turning a corner from a series of manufacturing and safety crises and years of lost ground to rival Airbus. Shares are up more than 13% this year, outpacing the S&P 500.

But after an Air India flight crashed on Thursday, marking the first fatal air disaster of a Boeing Dreamliner, Ortberg canceled plans to go to the massive air show that begins on Sunday.
The trade event is a big draw for the industry and is held every other year, alternating with the Farnborough Air Show in the U.K. Boeing, Airbus and other aerospace giants host champagne-flowing parties, hold flashy deal-signing ceremonies with executives flanked by model planes, and show off their new aircraft with extreme maneuvers for spectators below.
“As our industry prepares to start the Paris Air Show, Stephanie and I have both canceled plans to attend so we can be with our team, and focus on our customer and the investigation,” Ortberg said in a note to employees late Thursday, referring to Boeing Commercial Airplanes CEO Stephanie Pope.
All but one of the 242 people aboard Air India Flight 171 were killed when the more than 11-year-old Boeing 787-8 Dreamliner that was headed for London on a sweltering day crashed into a medical student dining hall seconds after takeoff from Ahmedabad in western India. The sole survivor was an India-born British national in seat 11A.
The cause of the crash is unknown and will take weeks or months to determine. Questions focus on how the plane so quickly and evenly lost altitude, appearing to glide into a fireball crash. Cockpit voice and data recorders, known as “black boxes,” will provide key information.

Firefighters work to put out a fire at the site where an Air India Boeing 787 Dreamliner plane crashed in Ahmedabad, India, June 12, 2025.
Amit Dave | Reuters

“It is important that we do not speculate about the accident and let the investigators do their work,” Ortberg wrote.
The plane’s engine maker, GE Aerospace, said it will postpone an investor day scheduled for Tuesday.

Escalating military conflict

The crash isn’t the only outside factor changing the gathering in Paris.
Shortly before the Paris Air Show was set to begin, Israel launched overnight missile strikes on Iran. Hours later, Iran launched drones toward Israeli territory. Airlines canceled flights, with jets in the air diverting or returning to their destinations, while hundreds of others skirted the airspace.
The escalating tensions will make military budgets and spending an even bigger focus for the air show, but they also raise concerns about how conflicts and geopolitical tensions could impact demand for commercial air travel.

The show goes on

Despite the crash and other external concerns, Boeing, Airbus and Embraer are expected to lock in hundreds of airplane orders. Wait times for popular new aircraft models already stretch into the next decade with demand still strong.
Boeing forecast on Saturday that the world will need 43,600 commercial airplanes over the next two decades, with emerging markets driving growth. It expects those markets will account for more than half of the world’s fleet in 2044, up from a 40% share last year.

Some of the order signings could come from previously undisclosed customers, though there are many new orders on the line, aviation analysts say.
Ongoing issues, such as a lack of trained workers, have delayed deliveries of new planes, while on-again, off-again tariffs have raised concerns about more expensive aircraft and components.
Pricing has also firmed up. A new Airbus A321neo was going for $65 million as of the end of April, up from $58 million at the start of 2023, while a new Boeing 737 Max 8 cost about $55.5 million in April, compared with $50.25 million in early 2023, according to Ishka an aviation data and advisory firm.
With aircraft still in short supply, lease rates are also going up for older planes for airlines that prefer not to make multimillion-dollar aircraft purchases up front or that might need them for shorter time periods. A 12-year-old Boeing 737 costs $241,000 a month to rent as of the end of April, up nearly 42% from two years earlier, and an Airbus A320 of the same age was $239,000 a month, a 50% gain, according to IBA Insight, another aviation data firm.

Orders: How many and who’s buying?

U.K.-based IBA predicted manufacturers could see between 700 and 800 commercial aircraft orders during the Paris show, a tally that includes firm orders, options, and looser commitments like purchase intention letters and memoranda of understanding.
Customers could include Ethiopian Airlines and Polish carrier Lot, as well as Vietnam Airlines, AirAsia, Royal Air Maroc, Etihad and Saudi carrier Riyadh, said Ishka.
“A large deal from China is inevitable sometime, for replacement if not growth reasons,” Ishka said in a note last week.
Air India, which Ishka had previously listed as a potential customer, was no longer expected to buy new planes given last week’s tragedy.

Read more CNBC airline news

Return of the big jets

Airplane customers are going bigger as international travel continues to bring in money.
“It used to be all about single-aisle orders,” said Richard Aboulafia, managing director at aerospace consulting firm AeroDynamic Advisory. Now, “everyone is booking these monster twin-aisle orders for international traffic.”
He said major international airlines like Turkish Airlines, Gulf carriers and others have expanded in recent years, competing for more global travelers, “slicing the pizza into smaller pieces.”
Since orders are placed years in advance, Aboulafia said he doesn’t expect a big impact on demand because of the crash, though some might be held back during the show.
“It’s a terrible tragedy. It doesn’t make anyone’s lives easier,” he said. “I just don’t think given what we know now it has anything to do with the design or the build of the airplane. It sure doesn’t look like it.” More

United, Delta, Turkish Airlines and a host of other carriers canceled Israel flights or extended a suspension of service.
Israel launched missile strikes on Iran overnight, and Iran launched more than 100 drones toward Israel on Friday morning.
Military conflicts have forced airlines to reroute planes or suspend service repeatedly in recent years, forcing them to take longer flight paths as a safety measure.

Flight map over the Middle East as Iran launches retaliatory attacks on Israel at 19:19 UTC on June 13th, 2025.
Source: FlightRadar24

Airlines around the world canceled flights to Israel and were skirting a large swath of airspace in the Middle East on Friday after Israel’s overnight missile strikes on Iran. Iran later launched drones toward Israeli territory.
Delta Air Lines on Friday afternoon said it was suspending its service to Tel Aviv, Israel, until at least September, just weeks after resuming flights there. It had most recently resumed flights on May 20, and as of last week Delta had said it was planning to increase service to Israel later this year from New York to two daily nonstop flights, “responding to strong winter demand.”

United Airlines suspended its Tel Aviv flights through July 31, and said in statement that “we will continue to evaluate an appropriate return date with the safety of our customers and crews as our top priority.”
Both carriers’ Tel Aviv-bound flights turned around over the Atlantic Ocean to return to the New York area after Israel’s strikes overnight. United put 26 of its crew members who were on layover in Israel on Israeli airline El Al to get back to the U.S., a spokesman said.
El Al has since suspended service.
“Following recent security developments and in accordance with the instructions from the state’s security and aviation authorities to close Israeli airspace, all EL AL and Sundor flights are suspended for the time being,” it said on its website.
The carrier said it won’t take bookings until at least the end of June and warned customers against going to Tel Aviv’s Ben Gurion Airport.

“For customers currently abroad, we recommend arranging accommodation until there is a change in security directives,” El Al said. “Flights that were en route to Israel have been diverted to land at various EL AL destinations.”

Israel closes its airspace and suspended flight operations at Ben Gurion International Airport in Tel Aviv, Israel on June 13, 2025.
Nir Keidar | Anadolu | Getty Images

Turkish Airlines and European budget carrier Wizz Air also suspended Israel flights. Germany’s Lufthansa said it was suspending Tel Aviv and Tehran service until July 31 and flights to Jordan and Lebanon until at least June 20. Emirates said it was canceling service from its base in Dubai to Iraq, Jordan, Lebanon and Iran.
Airlines offered travel vouchers and waived change fees to customers affected by the disruptions.
Escalating military conflicts in the Middle East and Ukraine have forced airlines to repeatedly take longer and more costly routes to avoid conflict zones.

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Brazilian meat giant JBS opened at $13.65 per share in its U.S. public market debut on the New York Stock Exchange under the ticker “JBS.”
Last year, the company reported net revenue of $77.2 billion and net income of $2 billion, according to regulatory filings.
The company has been plagued by bribery and corruption scandals.

The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025.
Chet Strange | Bloomberg | Getty Images

Shares of Brazilian meat giant JBS rose during their U.S. public market debut on Friday.
The opening trade of $13.65 per share values the company at roughly $30 billion, outstripping rival Tyson Foods’ market cap of about $19.82 billion. Shares closed at $13.87, a slight gain for the day.

JBS is now trading on the New York Stock Exchange under the ticker “JBS,” a day later than initially expected. The company said it couldn’t conclude certain operational procedures in time to debut on Thursday. Its stock was delisted from the Sao Paolo Exchange in Brazil a week ago as part of the dual-listing plan.
Since its founding more than seven decades ago, JBS has grown to become the world’s largest meatpacking company. Last year, the company reported net revenue of $77.2 billion and net income of $2 billion, according to regulatory filings.
JBS operates a sprawling business worldwide, with significant divisions in Brazil, the U.S. and Australia. The company also owns more than 80% of Pilgrim’s Pride, the U.S. poultry giant.
JBS’s U.S. listing is more than 15 years in the making. The company’s U.S. subsidiary first announced plans to go public in 2009, but the move never came to fruition after two postponements. Then, in late 2016, the company said it would have a U.S. initial public offering as part of a broader reorganization strategy. But months later, the Brazilian government began investigating corruption in the meatpacking company — including among JBS and its top executives.
J&F Investimentos, the holding company that owns a controlling stake in JBS, paid a $3.2 billion fine in 2017 to settle bribery charges. Former chair Joesley Batista and his older brother CEO Wesley Batista, the company’s top shareholders and the sons of its founder, managed to avoid prison sentences by cooperating with prosecutors. The Batistas and J&F settled with the U.S. Securities and Exchange Commission in 2020 for roughly $27 million.

The Batistas exited J&F in the wake of the scandal. However, they returned to the company’s board last year after being acquitted of insider trading charges.
More recently, in October, the Brazilian government fined JBS for buying cattle that were allegedly illegally raised in protected land in the Amazon.
The company’s history of corruption and bribery allegations led to opposition to its U.S. listing from lawmakers on the both sides of the aisle, making it look unlikely that regulators would grant their approval.
After President Donald Trump’s reelection, JBS’s subsidiary Pilgrim’s Pride donated $5 million to his inaugration committee, making it the single largest donor. In a statement to CNBC at the time, the company said it had a “long bipartisan history participating in the civic process” and looked forward to working with the new administration.
The SEC approved JBS’s request to list on the New York Stock Exchange in April. JBS shareholders approved the move by a narrow margin the following month. More

The WNBA and E.W. Scripps announced on Friday a new multiyear media rights agreement to carry Friday night WNBA matchups on Ion.
The new agreement comes after Ion has seen huge growth with the WNBA and as the league gains in popularity thanks to stars such as Caitlin Clark and Angel Reese.
WNBA Commissioner Cathy Engelbert said the partnership with Scripps has helped the league expand its reach and visibility.

Caitlin Clark, #22 of the Indiana Fever, brings the ball up court during the first half of a WNBA game against the Chicago Sky at Wintrust Arena in Chicago on Aug. 30, 2024.
Melissa Tamez | Icon Sportswire | Getty Images

The WNBA and E.W. Scripps announced on Friday a new multiyear media rights agreement to carry Friday night WNBA matchups on Ion.
The new agreement also includes the “WNBA on Ion” studio show, the first weekly broadcast show dedicated exclusively to WNBA coverage.

The value of the deal was not disclosed, but media reports peg the original deal that expires at the end of the 2025 season at an average of $13 million annually.
The WNBA has been airing games on Ion since 2023. This season, the network will broadcast 50 regular season games. Ion is available on pay TV and streaming platforms in more than 128 million homes, according to a news release.
The new agreement comes after Ion has seen huge growth with the WNBA and as the league gains in popularity thanks to stars such as Caitlin Clark and Angel Reese.
The network said WNBA Friday Night Spotlight viewership grew 133% year over year and more than 23 million unique viewers tuned into the coverage.
“Our robust partnership with the league has flourished, and we are thrilled to solidify ION’s status as the premier Friday night destination for WNBA action for years to come,” said Scripps CEO Adam Symson in the release.

WNBA Commissioner Cathy Engelbert said the partnership with Scripps has helped the league expand its reach and visibility.
“This new multi-year agreement reflects the growing excitement surrounding the league and the rising demand for WNBA games,” she said.
The league signed an 11-year media rights deal with Disney, Amazon and Comcast-owned NBCUniversal last July as part of the NBA’s media rights negotiation. The WNBA’s deal is valued at about $200 million per year, CNBC previously reported.
— CNBC’s Lillian Rizzo contributed to this report.
Disclosure: Comcast owns NBCUniversal, the parent company of CNBC. More

A court battle is brewing over Jimmy Buffett’s $275 million estate.
The late singer’s widow, Jane, and the co-trustee of the estate, Richard Mozenter, have filed lawsuits against one another.
Attorneys said the Buffett case offers important lessons for families planning wealth transfers.

A court battle over the late singer Jimmy Buffett’s $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said.
Jimmy Buffett’s widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her co-trustee, Richard Mozenter, from the marital trust created to support her after the singer’s death in 2023. Jane Buffett, who married Jimmy in 1977, alleged that Mozenter has been “openly hostile and adversarial” toward her and has refused to give her details on the trust and its financials. She alleged Mozenter is collecting “excessive fees” of $1.7 million a year and that he’s mismanaging the trust assets, projecting income of only $2 million, implying annual returns of less than 1%.

Mozenter has filed his own lawsuit in Palm Beach County, Florida, alleging that Jane has been “completely uncooperative” in his efforts to manage the trust. He said Jane has interfered in business decisions, refused to meet with Mozenter and breached her fiduciary duties by “acting in her own interest.”
The case has put a spotlight on the estate plans and business empire left by Jimmy Buffett, the singer famous for hits like “Margaritaville,” “Cheeseburger in Paradise” and other breezy, beach-vibe hits. Along with his song catalogue, Buffett left homes, cars, planes and a multimillion-dollar stake in his brand business.

Musician Jimmy Buffett performs onstage at Jimmy Buffett & Friends: Live from the Gulf Coast, a concert presented by CMT at on the beach on July 11, 2010 in Gulf Shores, Alabama.
Rick Diamond | Getty Images Entertainment | Getty Images

Buffett planned carefully for the afterlife. His will, first written more than 30 years ago and amended in 2017 and again in 2023, directed that most of his assets be placed in a marital trust for Jane. The trust was created “for the wife’s sole benefit of her lifetime,” according to legal filings. The three children they shared — Savannah, Delaney and Cameron — are the so-called remainder beneficiaries of the marital trust, which means they will receive any remaining assets left after Jane’s death.
Jimmy Buffett also called for a co-trustee to manage the trust with Jane. He appointed Mozenter, an accountant who had also been his business manager and financial advisors for 30 years, as co-trustee.
The assets Buffett left were substantial. A successful businessman and entrepreneur, Buffett built a brand empire and merchandising business that far surpassed his song rights and touring. According to the filings, the assets in the estate included $34.5 million of real property; $15 million of equity in a company called Strange Bird Inc., which held Buffett’s interest in various planes; $2 million in musical equipment; $5 million in vehicles; and $12 million in other investments.

One of the largest assets is Buffett’s stake in Margaritaville, the chain of restaurants, bars, hotels and merchandising that commercialized the Buffett lifestyle. According to the filings, Buffett’s equity in Margaritaville was estimated at $85 million, held though JB Beta. Margaritaville currently has 30 restaurants and bars, 20 hotels, and vacation clubs, casinos, cruise ships and merchandise.
Soon after Jimmy’s death, however, the relationship between two co-trustees soured. In her complaint, Jane Buffett said Mozenter refused to provide her with basic financial information about the trust. He “belittled, disrespected, and condescended Mrs. Buffett” in response to her request for information, she said. She said his fees of $1.7 million a year to manage the trust were “enormous.” When she asked for her projected income from the trust, Mozenter continued to delay. Finally, after she enlisted the help of her friend Jeff Bewkes, the former Time Warner chief, Mozenter provide her with an estimate of $2 million a year.

(L-R) Jimmy Buffett and Jane Slagsvol attend the 2022 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on March 27, 2022 in Beverly Hills, California.
Arturo Holmes | Filmmagic | Getty Images

According to Jane’s complaint, Mozenter acknowledged that Margaritaville had paid distributions of $14 million over the previous 18 months. Yet he declined to make future projections. “Based on that analysis, Mr. Mozenter told Mrs. Buffett that the Marital Trust’s income would not cover her annual expenses and advised that she could ‘consider adjustments,'” according to her complaint.
Trust lawyers said the case is part of a growing wave of lawsuits related to inheritances and trusts. Over $100 trillion of wealth is expected to be passed down from older generations to spouses and families over the next 25 years, according to Cerulli Associates. More wealth being passed down means more litigation, since families often fight over who gets what.
The Buffett case has reflected a different, but equally common, source of disputes: dueling trustees. Estate attorneys said Buffett could have made Jane the sole beneficiary as well as the sole trustee. Yet he chose to have Mozenter as co-trustee to help manage and direct the trust.
Mozenter said that during his lifetime, Jimmy “repeatedly expressed his concerns regarding Jane’s ability to manage and control his assets” and was “very careful to create the trust in a manner that precluded Jane from having actual control over the trust.” He added, “This fact has made Jane very angry.”
Attorneys said appointing a co-trustee is common. Sometimes the inheritor is ill-equipped to handle the wealth or asset. Sometimes they’d rather leave the details to someone else. Whatever the reason, tensions between the beneficiary and co-trustee often erupt into full-blown hostility.
“These cases almost all turn on the exact same issue,” said Keith A. Davidson, with Albertson & Davidson LLP. “You’ve got a beneficiary who doesn’t feel like they’re getting enough information and doesn’t feel like they have any say. And you have a trustee who is being too paternalistic, and they feel like they can give out information what they want. That’s a recipe for disaster.”

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Emotions run especially high when one of the trustees is a spouse.
“Imagine you’re married to Jimmy Buffett for 47 years, you have a say in how you’re spending your money and what you’re doing and all that goes away overnight,” said Stewart Albertson, also with Albertson & Davidson LLP.
Since the lawsuits were filed in different states, courts will first have to decide where the case will be heard. After that, a judge will start arguments and ultimately decide a path forward. Attorneys said judges have typically sided with the outside trustee (in this case Mozenter). Yet increasingly, they have been siding with spouses — which could mean Mozenter is removed.
More likely, attorneys said, a judge will determine that the relationship between Mozenter and Jane is unworkable and name a new, professional or corporate trustee from a trust company or bank to replace them both.
“My guess is a judge is likely to put in someone as a professional fiduciary,” said Alex Weingarten, managing partner of Willkie Farr & Gallagher LLP’s Los Angeles office and chair of its entertainment litigation practice. “That would allow the fiduciary to get in and figure out what’s going on. It’s not what she wants, but it would give credence to her argument.”
Attorneys said Mozenter’s $1.7 million fee isn’t necessarily excessive, since trustee fees can sometimes be as high as 1% or more of the assets each year. As for the return of $2 million a year on $275 million being proof of mismanagement, attorneys say many of the assets in the trust, like real estate, planes and cars, don’t produce income and cost money to maintain. So the actual returns on income-producing assets could be higher.

Singer-songwriter Jimmy Buffett performs with The Coral Reefer Band at The Omni Coliseum on September 4, 1976 in Atlanta, Georgia. 
Tom Hill | Wireimage | Getty Images

Still, attorneys said the Buffett case offers two important lessons for families planning wealth transfers. First, they said wealth holders should communicate the plans for their estates before they die so no one is surprised. If Buffett had explained the co-trustee roles to both Jane and Mozenter, perhaps tensions would have been minimized.
“Jimmy did good planning, in that he set these trusts up,” Davidson said. “But he didn’t think about how this was actually going to play out.” He also could have added a “removal right” in the trust to allow Jane to more easily remove Mozenter if she wished.
The second lesson is that friends or business associates don’t always make good trustees. While today’s wealthy often name a trusted friend to a family trust, the trustee may have a different relationship with the beneficiary and can see themselves as carrying out the wishes of the descendant — which is not the job of a trustee.
“In terms of problem cases, the ones we see, they rarely involve professional trustees,” Albertson said. “It’s almost always somebody who’s a friend. That tends to be the worst. Your role is to follow the trust terms.” More

Air India Flight 171 crashed Thursday moments after takeoff from Ahmedabad, India, bound for London.
There were 242 people on board when the Boeing Dreamliner crashed into a residential area, killing all but one person on the flight.
It’s the first fatal crash of Boeing’s Dreamliner aircraft.

A view shows the wreckage of an Air India aircraft, bound for London’s Gatwick Airport, which crashed during take-off from an airport in Ahmedabad, India June 12, 2025.
Adnan Abidi | Reuters

An Air India plane that was bound for London and carrying 242 people crashed seconds after takeoff in western India on Thursday, killing all but one person on board the Boeing 787 Dreamliner.
It marked the first crash of a Boeing 787 Dreamliner and was the deadliest plane crash in years.

Here’s what to know:

What kind of plane was it?

The aircraft was a Boeing 787-8 Dreamliner. It is a popular twin-aisle jet used for longer routes.
This plane’s first flight was in December 2013 and it was handed over to Air India in January 2014, according to aviation-data firm Cirium.
Air India had 34 of them in service as of Thursday, including this plane, and it had plans to order at least 20 more, Cirium said. The airline has been building up its fleet with modern jets from both Boeing and rival Airbus, and installing more luxurious cabins.
There are more than 1,100 Dreamliners flying worldwide.

What happened on this flight?

Preliminary data show the signal from the plane was lost at 1:38 p.m. local time, less than a minute after takeoff from Ahmedabad’s Sardar Vallabhbhai Patel International Airport, according to flight-tracker Flightradar24.
The aircraft reached maximum altitude of 625 feet, though airport altitude is about 200 feet, Flightradar noted.
It is not clear why the plane so quickly lost altitude before it crashed into a fireball in a residential area. Other fatalities on the ground have been reported to local media.
Air crashes can be caused by a variety of factors, from mechanical issues to wildlife to pilot error, and often involve more than one problem.

What will investigators look at?

Responders will comb the rubble for the so-called black boxes: the cockpit and flight-data recorders. Those will give crash investigators clues about what was happening on the flight.
Crash investigators will look at everything from the airline’s maintenance records to the pilots’ maneuvers, the position of the aircraft as well as slats and flaps on the wings, the pilots’ training and recent rest, and weather conditions on the hot day, when temperatures were near 100 degrees Farenheit.
They will also examine video from the incident, including footage of the aircraft taking off from Ahmedabad.
Under international protocols, the country where the incident occurred will lead the investigation while the plane’s manufacturer, Boeing, and the aircraft’s engine maker, GE Aerospace, as well as U.S. federal crash investigators will participate.

There have been manufacturing and quality concerns about Dreamliners before. Are they related?

It is not immediately clear, and a final report on the crash causes might not be available until next year, but some experts brushed off a manufacturing issue, in part because the plane has been flying for more than a decade.
“I don’t think this is a manufacturing or production issue,” said Jeff Guzzetti, a retired air safety investigator with the U.S. National Transportation Safety Board and the Federal Aviation Administration. 
He said it is too early to tell what the problem — or problems — is, as air crashes often involve several failures.
“It appears the airplane got off the runway with no problem but for some reason was unable to climb,” he said.
Boeing has had problems with the Dreamliner before, but an immediate connection wasn’t apparent, experts said.
A whistleblower last year alleged that Boeing took shortcuts on the 787 to reduce bottlenecks and created “excessive stress” on major airplane joints. Boeing denied the accusations.
Deliveries of the aircraft were also grounded for about a year until mid-2022 because of manufacturing flaws where parts of the fuselage were improperly spaced.
After the Dreamliner first entered service in 2011, the planes were grounded for inspections due to fears of lithium battery fires.

What does this mean for Boeing?

Boeing CEO Kelly Ortberg, who took the reins last August, has been working to move the manufacturer, a top U.S. exporter, out of the spotlight for a series of safety and manufacturing crises.
The company had already been reeling from two crashes of its best-selling 737 Max jets when a door plug blew out of a new Max 9 in early 2024.
The impact on Boeing will depend on the crash investigation. Demand for new planes has still been robust, and airlines often continue to place orders because the waiting period can stretch several years.
Wolfe Research said in a note on Thursday that “we don’t see much direct impact on financial performance, but this is certain to sap momentum until some solid clarity is provided.
“We don’t see any impact to the production ramp as a result of this and would expect any impact on demand to be very minimal (and localized) as well,” Wolfe wrote. “A modest risk could be any feedback loop to certification of the [yet-to-be-certified] 777X, but it is very early to size any risk there.”
Boeing has orders for 900 more Dreamliners, according to its website. More

The cost of some baby gear has risen in recent weeks due to President Donald Trump’s tariff policies, according to a new congressional report.
New parents across the U.S. could collectively pay an additional $875.2 million for key baby products this year, the report found.
The analysis tracked the prices of five popular baby gear categories: car seats, bassinets, strollers, high chairs and baby monitors.

Baby car seat carriers for sale at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024.
Bloomberg | Bloomberg | Getty Images

The cost of some baby gear has risen in recent weeks due to President Donald Trump’s tariff policies, according to a new congressional report.
The cost of five common items bought for babies has increased 24%, or by $98 combined, between April 1 — the day before Trump’s sweeping April 2 tariff announcement — and June 9, according to the analysis by the Joint Economic Committee’s minority arm.

The analysis tracked the prices of five popular baby gear categories: car seats, bassinets, strollers, high chairs and baby monitors. It leaned on data from baby registry website Babylist.
“New parents already have their budgets stretched thin by all the products that they have to buy for their child – the last thing they need is a new tax on babies created by President Trump,” said Sen. Maggie Hassan, D-N.H., ranking member of the committee, in a media release.
The findings come as companies grapple with Trump’s ever-changing tariff policies. Some have said they will work to mitigate the impact of the levies and offset the costs to consumers, meanwhile, others, including Best Buy and Costco, have said they already raised some prices. Walmart and Target said they plan to hike prices on some items.
Baby gear sold in the U.S. is specifically at risk of tariff impact because 97% of strollers and 87% of car seats are manufactured in China, according to Babylist.
The committee’s report tracked the prices of the most popular Amazon listings for products from five of Babylist’s categories of baby goods. The Amazon bestsellers included items from brands Graco, AirClub, Summer by Ingenuity, Evenflo and HelloBaby. The report measured the price increases over time using the price-checking websites Keepa.com and Camelcamelcamel.com.

Of the five items studied, the Graco car seat saw the highest price increase. The Graco SnugRide Lite LX Infant Car Seat got 44.8% more expensive over the measured time period. Prices for the other products that were reviewed rose between 10% and 30%.
A spokesperson for Graco owner Newell Brands told CNBC in a statement that the report appears to have started collecting data on the Graco car seat during a period when retailers were running a promotion.
The spokesperson said the car seat was on sale on April 1, so the price was hiked by about $20, not by $43, as suggested in the report.
Executives from Newell said during an April 30 earnings call that the company had raised prices on its baby gear by about 20%. The company said at the time it was equipped to handle Trump’s tariffs, excluding hypothetical further hikes on imports from China.
A broader Babylist analysis of 11 categories, including products like bouncers and diaper bags, found that costs increased by an average of $400 combined between March 10 and June 3. Those higher prices for new parent households in the U.S. amounts to $875.2 million in total additional costs, according to the analysis and based on data from the American Community Survey.
The study found particular risk for parents in California, with parents in that state collectively facing a potential $100.3 million in additional baby costs this year. That was followed by Texas at $85.3 million, Florida at $48.5 million and New York at $48.4 million, according to the report.
“Just in the last two months, the tariffs have made things even more difficult for new parents, forcing them to shoulder higher prices for car seats and other items that they absolutely need to keep their babies safe,” Hassan said in a statement to CNBC. “And the tariffs are already forcing some businesses to choose between laying off workers, raising prices for customers, or closing altogether.”
The White House didn’t immediately respond to a request for comment. More

Most retail executives expect President Donald Trump to walk back “reciprocal” tariffs on the EU, Vietnam, India and the rest of the world, new survey results from AlixPartners shows.
Executives could be feeling more optimistic after recent court challenges and efforts between the U.S. and China to negotiate.
Still, countries like Vietnam and India don’t have as much leverage as China does and companies should continue to plan for other scenarios, said AlixPartners managing director Sonia Lapinsky.

A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025.
Mike Blake | Reuters

Even retail executives are bullish on the “TACO trade.” 
Following weeks of shifting trade policy, early deals and winding court challenges, some retail executives are starting to feel more optimistic about President Donald Trump’s so-called reciprocal tariffs, a new survey from consulting firm AlixPartners shows. 

The survey, which polled executives from brands, retailers and other consumer companies on June 1, found most respondents expect the president will walk back those steep duties on the European Union, Vietnam, India and Mexico after a 90-day pause lapses in July. Mexico wasn’t part of Trump’s reciprocal tariffs but has faced new levies from the administration, which respondents also expect will stay the same.
Imports from those areas and dozens of other countries are facing a 10% duty as the Trump administration tries to hammer out trade deals with individual nations. Most survey respondents expect those 10% tariffs to remain in effect — rather than the far higher rates originally imposed on April 2 — after those negotiations are complete. 
For example, 53% of retail executives expect tariffs on goods imported from Vietnam to stay at 10% after the delay ends, instead of the feared 46% “reciprocal” levy that could batter companies like Nike that import a major share of goods from the country.

For many retailers, Vietnam has become the next manufacturing frontier outside of China. Negotiations between the southeast Asian country and Washington D.C. have been closely watched, and the subject of many executives’ consternation in recent months. 
In the weeks after Trump announced then reduced the steep “reciprocal” tariffs, many executives feared they would end up being higher than 10%, said Sonia Lapinsky, a partner and managing director at AlixPartners, citing conversations the firm has had with retail leaders. 

But as June approached, the vibe started to shift, the survey results show. 
For one, the U.S. and China finally came to the negotiating table. Days before the survey was conducted, the U.S. Court of International Trade also ruled that Trump didn’t have the authority to impose the April 2 tariffs. While that ruling is on hold pending appeal from the Trump administration, the developments signaled to retailers that the tariffs could be scrapped altogether, the survey results show. 
“[Trump] is showing that he wants to make a deal, and that took a lot of effort for him to go and get that done at that stage. If we remember, even trying to get a meeting was very difficult for both sides to get done and yet they got progress made,” said Lapinsky. “I think the fact that there was some pushback that has since been retracted on allowing the tariffs to go through, I think could make some people feel more confident that potentially that could happen again.” 
In the days after the survey was conducted, Trump made a preliminary deal with China to maintain a new 30% tariff on imports, after he reduced a previous 145% duty.
It’s another sign to retail executives that tariffs on the rest of the world could remain at 10%, and shows their views may align with the so-called TACO trade – a critique coined by a Financial Times columnist that stands for “Trump Always Chickens Out.” 
The term describes a past pattern where Trump announces high tariffs and then later pauses or lightens them after markets react negatively. 
When asked about the term last month, Trump said it’s not about chickening out. 
“It’s called negotiation,” he said.
Still, Lapinsky cautioned that the optimism among retailers could be premature. 
“We can see that China could be at status quo, because there’s been such discussion about the deal making back and forth and the priorities of both countries to get something to work eventually, but these other countries don’t have the leverage that China has,” said Lapinsky.
“Whether they’re going to be able to negotiate keeping down a similar deal or not to me remains very unknown,” she continued. “I wouldn’t have expected that many retailers to say they thought it was going to stay status quo.” 
While more respondents expect the 10% tariff to remain in place in most regions outside of China, the responsible companies are planning for both, said Lapinsky. 
For example, 46% of respondents expect tariffs on imports from India to stay at 10%, instead of the proposed 26% levy. But 29% of respondents are also planning for both scenarios, where duties either stay the same or end up higher. More